Under contract-accepting backup offers. Welcome to your slice of paradise on the beautiful Isle of Palms in Treasure Island! This prime property presents an incredible opportunity for custom home building or exploring the possibility of renovating. Situated on a spacious lot with ample room to add a pool, the home features an oversized circular driveway with elegant pavers, providing plenty of parking for residents and guests. Though the property was impacted by flooding during Hurricane Helene—with four feet of drywall and flooring removed—the original terrazzo floors have been revealed, adding a unique and authentic character to the home. Located just one mile from Treasure Island’s award-winning beaches, you'll enjoy the perfect combination of coastal living and convenience. Whether you envision building a brand-new custom dream home or embracing a renovation that brings your vision to life, this property is an excellent investment in a highly desirable area. Don’t miss the chance to create your ideal oasis in this fantastic location! CASH only, no wholesalers, no assignable contracts.
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Our Executive Mortgage Banker:
Our Insurance Division:
$675,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $540,000 | $540,000 | $540,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $203 | $203 | $203 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,638 | $3,589 | $4,554 |
Total Monthly Payment | $3,932 | $3,883 | $4,848 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.